Brazil's CPFL Energia Plans $2.09 Billion Investment in Wind Projects

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Researched by Industrial Info Latin America (Córdoba, Argentina)--Brazilian group Companhia Paulista de Força e Luz (NYSE:CPL) (CPFL Energia) (Campinas, Brazil) plans to invest $2.09 billion in windfarm generation projects until 2015. Alone or through joint ventures, the company has 1,693 megawatts (MW) in operation today via hydropower plants, windfarms and biomass facilities.

CPFL plans to expand its installed capacity with another 1,458.2 MW over the next two years through wind power projects in the states of Bahia (712.6 MW), Ceara (261 MW), Rio Grande do Norte (502.2 MW), Rio Grande do Sul (120 MW) and Rio de Janeiro (135 MW). CPFL has 701 MW in the planning phase, 235 MW in the engineering phase and 386.2 MW under construction, which should be operational until July 2014. CPFL expects that Complexo eolico Pe da Serra (234 MW), Complexo eolico Pedra Cheirosa (38 MW), Complexo eolico Serra do Angelim (206 MW) and Complexo eolico Praia de Bitupita (63 MW) are ready to be tendered at a federal auction to secure power purchasing agreements until the end of this year.

Wind-based installed capacity in Brazil is expected to increase nearly 5,700 MW between June 2013 and June 2015, implying a 200% growth from the current 1,889 installed megawatts of wind power. Another 12,000 MW of wind-based power already is projected to be built between 2015 and 2020.

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